IST:ULAS Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.17	0.11	0.02	33.25	4.02	17.81
Short-Term Investments	130.49	156.42	-	0	18.43	-
Cash & Short-Term Investments	130.66	156.53	0.02	33.25	22.44	17.81
Cash Growth	0.46%	655494.38%	-99.93%	48.15%	25.99%	90.72%
Accounts Receivable	65.6	56.13	88.44	-	-	-
Other Receivables	0.98	1	48.74	315.68	0	0
Receivables	66.58	57.13	137.18	321.88	3.4	2.42
Prepaid Expenses	0.54	0.02	-	-	0.04	0.02
Other Current Assets	0.16	0.51	0	0.01	0	0.21
Total Current Assets	197.95	214.19	137.2	355.13	25.88	20.46
Property, Plant & Equipment	5.7	6.34	4.01	5.39	0.7	0.57
Other Intangible Assets	0.07	0.08	0.16	0.12	0.01	0.01
Long-Term Accounts Receivable	-	-	9.07	-	-	-
Other Long-Term Assets	486.66	442.25	442.25	317.63	115.98	56.61
Total Assets	690.37	662.86	592.69	695.29	142.57	77.65
Accounts Payable	1.29	0.71	78.66	0.05	0.05	0.01
Accrued Expenses	5.77	5.25	4.46	1.15	0.33	0.15
Short-Term Debt	4.49	0.25	0.02	-	0.01	0.02
Current Portion of Long-Term Debt	12.08	-	-	-	-	0.07
Current Income Taxes Payable	-	0.21	0.45	0.25	0.13	0.2
Current Unearned Revenue	7.73	9.1	9.81	9.03	3.98	2.88
Other Current Liabilities	151.58	173.17	4.5	313.94	0.01	0.01
Total Current Liabilities	182.95	188.69	97.9	324.42	4.51	3.34
Long-Term Debt	16.77	-	-	-	-	-
Long-Term Unearned Revenue	-	-	9.81	18.06	12.03	11.34
Pension & Post-Retirement Benefits	-	-	0.1	0.04	0.43	0.24
Long-Term Deferred Tax Liabilities	19.69	31.89	64.37	43.24	10.06	4.44
Other Long-Term Liabilities	0.1	0.1	0.13	0.04	0.03	0.03
Total Liabilities	219.5	220.68	172.31	385.8	27.07	19.39
Common Stock	25.38	25.38	25.38	25.38	25.38	25.38
Additional Paid-In Capital	34.84	31.66	31.66	24.19	1.93	1.93
Retained Earnings	100	105.17	83.39	52.01	85.3	28.17
Comprehensive Income & Other	310.64	279.97	279.94	207.91	2.88	2.77
Shareholders' Equity	470.86	442.19	420.38	309.49	115.5	58.25
Total Liabilities & Equity	690.37	662.86	592.69	695.29	142.57	77.65
Total Debt	33.35	0.25	0.02	-	0.01	0.09
Net Cash (Debt)	97.31	156.28	0	33.25	22.43	17.72
Net Cash Growth	-10.64%	3585192.75%	-99.99%	48.25%	26.54%	99.78%
Net Cash Per Share	-	6.16	0.00	1.31	0.88	0.70
Filing Date Shares Outstanding	-	25.38	25.38	25.38	25.38	25.38
Total Common Shares Outstanding	-	25.38	25.38	25.38	25.38	25.38
Working Capital	15	25.5	39.3	30.72	21.37	17.12
Book Value Per Share	-	17.42	16.56	12.19	4.55	2.30
Tangible Book Value	470.79	442.11	420.21	309.36	115.49	58.24
Tangible Book Value Per Share	-	17.42	16.56	12.19	4.55	2.29
Land	-	0.43	0.43	0.35	0.08	0.02
Buildings	-	1.44	1.44	1.13	0.24	0.07
Machinery	-	15.49	11.31	13.8	1.39	1.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.